Cheap electricity for mining Bitcoin

[Bananana]

In my contry it very easy to fraud the electricity even it can cost you 300 $ and then you have electricity free
for life , i wish i have miners hardware in my country i will never speak about  electricity .

Can you explain more about "fraud the electricity". What do you mean by that? I am pretty sure it is illegal to do that.

[Slaxt]

In my contry it very easy to fraud the electricity even it can cost you 300 $ and then you have electricity free
for life , i wish i have miners hardware in my country i will never speak about  electricity .

Can you explain more about "fraud the electricity". What do you mean by that? I am pretty sure it is illegal to do that.

You answered your own question there bro, "fraud the electricity" fraud is illegal. You could use your neighbors electricity if you was cheeky enough and didn't care about being a leach? It costs a fortune here where i live 0.18

[MilesJohan]

Is there anywhere where people are using solar panel miners to run miners with them ?

[michael Chan]

I am building a Bitcoin mining data center in Venezuela, a country with very cheap electricity. I am planning on offering full hosting at first for the equivalent of 0.20 USD per KW/h to cover initial costs, then reducing the fee to 0.15 USD per KW/h, or even lower, including space, Internet, electricity, and cooling. No setup costs. You send the equipment, and we plug it in and set it hashing. I would like to gauge interest in such an arrangement.

Naturally there are some risks. As many of you already know, Venezuela is a country with a hybrid regime, terrible property rights, violent crime, civil unrest, very high inflation, censorship, and electricity brown-outs that are a bit more frequent than they should (1-2 times per month for a couple of hours).

Nonetheless, cheap electricity is what a miner needs, not necessarily a very stable supply. If electricity falters too often, I will install power generators since petrol is extremely cheap in Venezuela as well.

Would you put your miners in Venezuela if I were to offer such a service?

Hi , how is your mining proposal going out there in Venezuela ?
So have you updated your mining hardware ?
Now we have anminer s7 batch 8 available for sale now
lu.chen@bitmaintech.com/lu.chen@bitmain.com
skype:jianghu441
whatsapp: +8613838248258

[lama-hunter]

Hi there Guys from venezuela,

ive also some ANTMINER U3 BATCH 2 over. If you interested i will sell them, you guys for very low.
I simply dont know how the fees for transactions are. Iam living in EU Country.

regards
lama-hunter

[robelneo]

I am building a Bitcoin mining data center in Venezuela, a country with very cheap electricity. I am planning on offering full hosting at first for the equivalent of 0.20 USD per KW/h to cover initial costs, then reducing the fee to 0.15 USD per KW/h, or even lower, including space, Internet, electricity, and cooling. No setup costs. You send the equipment, and we plug it in and set it hashing. I would like to gauge interest in such an arrangement.

Naturally there are some risks. As many of you already know, Venezuela is a country with a hybrid regime, terrible property rights, violent crime, civil unrest, very high inflation, censorship, and electricity brown-outs that are a bit more frequent than they should (1-2 times per month for a couple of hours).

Nonetheless, cheap electricity is what a miner needs, not necessarily a very stable supply. If electricity falters too often, I will install power generators since petrol is extremely cheap in Venezuela as well.

Would you put your miners in Venezuela if I were to offer such a service?

That's a very good idea why not but you should do a feasibility study on this so you can come out with the advantage and disadvantages of putting up a mining on your country but preferably I prefer US and Europe Based because of the stability of their economy and their peaceful environment

[coltarlaza]

I am building a Bitcoin mining data center in Venezuela, a country with very cheap electricity. I am planning on offering full hosting at first for the equivalent of 0.20 USD per KW/h to cover initial costs, then reducing the fee to 0.15 USD per KW/h, or even lower, including space, Internet, electricity, and cooling. No setup costs. You send the equipment, and we plug it in and set it hashing. I would like to gauge interest in such an arrangement.

Naturally there are some risks. As many of you already know, Venezuela is a country with a hybrid regime, terrible property rights, violent crime, civil unrest, very high inflation, censorship, and electricity brown-outs that are a bit more frequent than they should (1-2 times per month for a couple of hours).

Nonetheless, cheap electricity is what a miner needs, not necessarily a very stable supply. If electricity falters too often, I will install power generators since petrol is extremely cheap in Venezuela as well.

Would you put your miners in Venezuela if I were to offer such a service?

Hi , how is your mining proposal going out there in Venezuela ?
So have you updated your mining hardware ?
Now we have anminer s7 batch 8 available for sale now
lu.chen@bitmaintech.com/lu.chen@bitmain.com
skype:jianghu441
whatsapp: +8613838248258

https://bitcointalk.org/index.php?topic=1213359.new#new 

Micheal Chan/ Lu chen is fraudster / scammer who get away with your money and never return back

His pic have been uploaded here to let you beware of him https://www.facebook.com/photo.php?fbid=240425689630270&set=p.240425689630270&type=3&theater


Please beware and safe don't let anyone let your hard earning get away with it .!

[roadbits]

Is there anywhere where people are using solar panel miners to run miners with them ?

Yes, if you browse through this mining section than you will find related information. Since electricity is quite expensive in most of the countries, only option now left is utilize solar power to mine bitcoins but it needs initial investments higher than normal mining methods.

[Betwrong]

Is there anywhere where people are using solar panel miners to run miners with them ?

Yes, if you browse through this mining section than you will find related information. Since electricity is quite expensive in most of the countries, only option now left is utilize solar power to mine bitcoins but it needs initial investments higher than normal mining methods.

Exactly! And that's why it is almost impossible to have ROI with solar panels. Many people in those threads are talking about it. Only if you manage somehow to get solar panels free or for very low price (mybe used ones?) you might consider using them.

[samlanhan1]

Is there anywhere where people are using solar panel miners to run miners with them ?

Also interested in this? Might make me go solar even faster.

[eternalgloom]

In my contry it very easy to fraud the electricity even it can cost you 300 $ and then you have electricity free
for life , i wish i have miners hardware in my country i will never speak about  electricity .

I would not recommend doing that, even if the chances of getting caught are extremely low, it's basically stealing what you are doing, even if it is from a big multinational.

[DrG]

0.2 seems too high to be honest there are many other place with a much cheaper electricity, also a newbie account offering this isn't that good

Yeah im rocking .06 in the central US.

Electricity prices in USA can differ greatly from place to place. I used to have map of US with electricity costs marked. And I can tell you that you do not need to invest in Venezuela if your electricity can be so cheap as in some places in the usa.

$0.30 per KWH from Southern California Edison (Los Angeles area)
$0.02 per KWH from Seattle (commercial rate)

15x difference for 1000 mile separation.  Might as well be on another planet.

[raspberryseltzer]

All of the bitcoin miners in Venezuela leave no electricity for the regular people.

http://www.vox.com/2016/3/17/11254860/venezuela-electricity-crisis

[Amph]

Is there anywhere where people are using solar panel miners to run miners with them ?

Also interested in this? Might make me go solar even faster.

not worth it, because with the money used to buy your solar kit you can use the same money to buy another asic, and earn more than the saving that your solar could ever dream to give to you

[Druze]

for people to trust you with their miners you need to establish a reputable business with insurance and what not

[sale666]

So your KW/H is 0.20 us cents?
Mine is about 0.059 domestic electricity :/..
And if over 7KW is used than i have ti use industrial power and its priced at 0.15 cents per KW.. However it can take months heck even years in my country until they figure out you are using more than 7Kw.. 

[Betwrong]

So your KW/H is 0.20 us cents?
Mine is about 0.059 domestic electricity :/..
And if over 7KW is used than i have ti use industrial power and its priced at 0.15 cents per KW.. However it can take months heck even years in my country until they figure out you are using more than 7Kw..  

How's that possible? Don't you have a charge register or a counter (idk how it's called in your country)? Where I live all houses and flats have a charge register which is sealed by the company providing you with electricity to make it impossible to change the counter reading.

[booblelp]

in Germany you pay 0.28 € per KWh! overpriced...

[Amph]

in Germany you pay 0.28 € per KWh! overpriced...

it also depend on the amount of power you have in your home, here for example with the standard 3kw you pay 0.25 per kw/h, but with 4.5kw of power you pay 0.28, if you want 6kw of power this number stay the same around 0.28

[Betwrong]

in Germany you pay 0.28 € per KWh! overpriced...

it also depend on the amount of power you have in your home, here for example with the standard 3kw you pay 0.25 per kw/h, but with 4.5kw of power you pay 0.28, if you want 6kw of power this number stay the same around 0.28

Same here (Ukraine):

You are using:                        You pay:

Under 100 kWh per month    -      $0.02 per kWh

From 100 kWh to 600 kWh   -      $0.04 per kWh

Above 600 kWh                  -      $0.06 per kWh